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FINW (FinWise Bancorp) Equity-to-Asset : 0.25 (As of Sep. 2024)


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What is FinWise Bancorp Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. FinWise Bancorp's Total Stockholders Equity for the quarter that ended in Sep. 2024 was $170.37 Mil. FinWise Bancorp's Total Assets for the quarter that ended in Sep. 2024 was $683.03 Mil. Therefore, FinWise Bancorp's Equity to Asset Ratio for the quarter that ended in Sep. 2024 was 0.25.

The historical rank and industry rank for FinWise Bancorp's Equity-to-Asset or its related term are showing as below:

FINW' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.14   Med: 0.27   Max: 0.36
Current: 0.25

During the past 5 years, the highest Equity to Asset Ratio of FinWise Bancorp was 0.36. The lowest was 0.14. And the median was 0.27.

FINW's Equity-to-Asset is ranked better than
95.53% of 1544 companies
in the Banks industry
Industry Median: 0.1 vs FINW: 0.25

FinWise Bancorp Equity-to-Asset Historical Data

The historical data trend for FinWise Bancorp's Equity-to-Asset can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

FinWise Bancorp Equity-to-Asset Chart

FinWise Bancorp Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Equity-to-Asset
0.19 0.14 0.30 0.35 0.27

FinWise Bancorp Quarterly Data
Dec19 Mar20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Equity-to-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.27 0.27 0.27 0.27 0.25

Competitive Comparison of FinWise Bancorp's Equity-to-Asset

For the Banks - Regional subindustry, FinWise Bancorp's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


FinWise Bancorp's Equity-to-Asset Distribution in the Banks Industry

For the Banks industry and Financial Services sector, FinWise Bancorp's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where FinWise Bancorp's Equity-to-Asset falls into.



FinWise Bancorp Equity-to-Asset Calculation

Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.

FinWise Bancorp's Equity to Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Equity to Asset (A: Dec. 2023 )=Total Stockholders Equity/Total Assets
=155.056/586.221
=0.26

FinWise Bancorp's Equity to Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

Equity to Asset (Q: Sep. 2024 )=Total Stockholders Equity/Total Assets
=170.37/683.031
=0.25

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


FinWise Bancorp  (NAS:FINW) Equity-to-Asset Explanation

Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.

For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.


FinWise Bancorp Equity-to-Asset Related Terms

Thank you for viewing the detailed overview of FinWise Bancorp's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.


FinWise Bancorp Business Description

Traded in Other Exchanges
N/A
Address
756 East Winchester, Suite 100, Murray, UT, USA, 84107
FinWise Bancorp is an independent bank that provides a full range of banking services to individual and corporate customers. The bank's primary source of revenue is from loans including Small Business Administration, commercial, commercial real estate, residential real estate, and consumer. The Bank also has established Strategic Programs with various third-party loan origination platforms that use technology to streamline the origination of unsecured consumer and secured or unsecured business loans to borrowers within certain approved credit profiles.
Executives
Javvis O Jacobson officer: CFO AND EXECUTIVE VP 765 E WINCHESTER ST, SUITE 100, MURRAY UT 84107
James N Giordano director 208 HARRISTOWN ROAD, SUITE 101, GLEN ROCK NJ 07452
Kent Landvatter director, officer: PRESIDENT AND CEO 765 E WINCHESTER ST, SUITE 100, MURRAY UT 84107
Dawn M Cannon officer: COO AND EXECUTIVE VP 765 E WINCHESTER ST, SUITE 100, MURRAY UT 84107
Alan Weichselbaum director 50 SEALY DRIVE, LAWRENCE NY 11559
Michael Christopher Obrien officer: See Remarks 756 EAST WINCHESTER, SUITE 100, MURRAY UT 84107
David Tilis officer: CSO AND SENIOR VP 43 NORTH VILLAGE AVENUE, 2ND FLOOR, ROCKVILLE CENTRE NY 11570
Gibson Thomas Elmer Jr director 9122 INGRAM DRIVE, WEST JORDAN UT 84088
Jeana Hutchings director 136 E SOUTH TEMPLE, 2300, SALT LAKE CITY UT 84111
Howard I Reynolds director 12464 SOUTH 1840 EAST, DRAPER UT 84020
Gerald Edwin Cunningham director P.O. BOX 1061, DRAPER UT 84020
Healey Russell Fred Jr director 4014 SOUTH HIGHLAND DRIVE, SALT LAKE CITY UT 84124
James Noone officer: CCO AND EXECUTIVE VP 765 E WINCHESTER ST, SUITE 100, MURRAY UT 84107
Lisa Ann Nievaard director 12634 S 265 W, DRAPER UT 84020